DVD-ROM Class Action Lawsuit
erco
Posts: 20,256
How ridiculous, this showcases everything wrong with our legal system. Saw this popup on Facebook. An antitrust lawsuit to get money and give to anyone who had a computer with an optical disk drive. https://www.opticaldiskdriveantitrust.com/
... attorneys’ fees up to 25 percent of the Settlement Funds plus costs and expenses.
No proof of purchase required, so file your claim, sit back and wait for your 12-cent check in a year or two.
Hurry, August 1 deadline!
... attorneys’ fees up to 25 percent of the Settlement Funds plus costs and expenses.
No proof of purchase required, so file your claim, sit back and wait for your 12-cent check in a year or two.
Hurry, August 1 deadline!
Comments
My wife recently got a check for over $500 as a result of a class-action suit against her past employer, who had been accused of disallowing certain types of hours on time cards (and then unilaterally altering those time cards). I don't know the merits of the optical disc case, but here, the suit was well deserved, and the payouts provided some closure, even if they didn't begin to redress the wrong.
-Phil
BTW, another abuse of the system is venue-shopping. There are districts in Texas where juries are notorious for finding for the plaintiff in patent-infringement cases. But, IIRC, there was a recent decision that may put a stop to the practice, or at least define some limits on it.
The claim is "price fixing" on DVD drives. If nothing else it sends a message to manufacturers to not do that, or at least not get caught at it.
I had to pay private detective fees recently to claim a settlement on my uncle's behalf. Should have been a healthy paper trail to follow, but it had to be drug out, and time is money.
The longer you let them hold on to it, the less you will eventually see.
It's not true that they are paid in full for billed hours, especially these days. The amount lawyers get is up to the judge who oversees the trial (rare) or out-of-court settlement. Generally they are paid a percentage of the settlement. In any case, the big payouts are much less common than most people think.
You're right that they serve to send a message, and for this such lawsuits are a useful tool of shaping the market without heavy additional government regulation. It's a form of checks-and-balance. There is a notion that prices are higher because of class action suits, but time again this is shown as false. Prices are first and foremost set by the market. They can't simply charge the difference and expect to grow their business. It doesn't work that way, especially for such things as computer hardware, which has become market commodities.
As a consumer, if you want to make some money at this racket, become a named plaintiff. That's not risk-free, though.
There are some business that will sue another similar business just for the sake of sucking R&D dollars from the targeted company. I had seen this first hand at a company I worked at up to '15.
And yes it should not have dragged out this long, but both sides no doubt filed extension after extension, and that's where the money is.
I had a Whirlpool water heater with "FlameLock" (or something like that) technology. Supposedly made it very safe.
Except that, to maintain the warranty, you had to have a plumber clean it out every 3 months. That's expensive. I was going to spend more in one year on this than what the thing cost in the first place.
Not to mention that they used left-hand threads on the thermocouple fitting, so you couldn't replace the burner assembly with a standard unit.
I found this out when the thermocouple failed. On New Year's Day. On a water heater only 2 years old. And you could only get the parts at Lowes.
Whirlpool eventually paid for a replacement burner assembly and other parts (with the correct threading) and the labor to replace it.
And a month later the tank started to leak...
Unless the extensions generated a higher settlement, there's no benefit for the plaintiff's lawyers. They are paid a percentage of the settlement. Dragging it out costs them more, so they'd prefer to avoid it. Obviously, there's a benefit to the defense to drag it out if it means the other side is more apt to settle for a lower amount. As these larger corporations have their own salariedcounsel, or outside counsel on retainer, padding the hours is not going to make them more money.
from http://insideevs.com/nissan-leaf-battery-capacity-opt-warranty-denial :
The fact that the 18,588 affected LEAF owners only received what new owners already had, while in some cases still having to deal with their diminished range cars, while the two named plaintiffs got $5,000 each, and the plaintiffs lawyers pocketed $1.9 million, didn’t sit too well and a fairly high profile objection was launched a few months later.
I know what you're saying about the lawyers making money, but isn't it true anyway that those who put up the money are the ones that make it? On a suit like this, cost in salaries, expert testimony, depositions, etc. for a law firm have to amount to half a million, easy. Members of the class don't have to pay anything, so even if they get only $5 it's money they didn't have to do anything to earn.
Forget what the lawyers made. This is how they feed their families and buy their BMWs. The over-arching result of a suit like this is Nissan will not make these same misrepresentations about its product - AND no new regulations were imposed to get the result. It was all done in civil court without the imposition of the government. Win-win for the people.
Matches how I dress!
Do tell.
Fashion show anyone?